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About the Listing AGNC01 - ANTKLIER
2608–2614 S 11th Street is a fully renovated 8-unit multifamily asset located in the heart of Soulard, one of St. Louis’ most desirable and walkable urban neighborhoods. The property consists of four (4) 2-bedroom / 2-bath units with an average rent of $1455/month and four (4) 1-bedroom / 1-bath units with an average rent of $1256/month, totaling approximately 7,980 square feet across two parcels. Originally constructed in 1899, the building has been thoughtfully renovated while maintaining its historic brick exterior and architectural character. The property is 100% occupied and currently produces $10,845 in monthly rent ($130,140 annually), offering an attractive 7.04% in-place cap rate with clear upside to an 8.06% pro-forma cap rate through mark-to-market rent adjustments. Average in-place rents are $1,356 per unit, with several units leasing below market—most notably one 1BR unit at $900 versus a $1,375 market rent. All units feature in-unit laundry, modern finishes, forced-air HVAC systems, and updated kitchens and baths. The property also benefits from off-street parking (~5 spaces), a highly sought-after amenity in Soulard. Operating expenses are efficiently controlled at approximately 31.5% of gross income, and the property is currently self- managed, allowing for additional operational flexibility. Located just steps from Soulard’s renowned bars, restaurants, coffee shops, and the historic Soulard Farmers Market, the asset is ideally positioned to attract young professionals and urban renters seeking a walkable, lifestyle-driven neighborhood. This offering represents a rare opportunity to acquire a turnkey, stabilized multifamily asset in one of St. Louis’ strongest rental submarkets, with durable cash flow and built-in upside.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
26005485
Year Built
1889
Total Square Footage
7,980
Lot/Acreage
0.12
County
St Louis City
Neighborhood
City/St Louis
Area
2 - Central East
School District
St. Louis City
Elementary School
Sigel Elem. Comm. Ed. Center
Middle School
L'Ouverture Middle
High School
Roosevelt High
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,524
- Taxes w/Assessments: N/A
- Tax/Property ID: 0848-00-0210-0
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Years
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Questions About..
2608 S 11th St St Louis, MO 63118
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